Former Treasury Secretary Steven Mnuchin’s Fund Acquires Big Stake In Lionsgate
Liberty Strategic Capital, a private equity fund led by former Secretary of the Treasury Steven Mnuchin, has acquired a hefty 5.5% stake in Lionsgate Class A voting shares at a strategically sensit…
deadline.com
Liberty Strategic Capital, a private equity fund led by former Secretary of the Treasury Steven Mnuchin, has acquired a hefty 5.5% stake in Lionsgate at a strategically sensitive moment for the company as it prepares to close a $500 million acquisition of eOne and plans to split up its studio and streaming businesses.
Lionsgate declined to comment on the news, revealed in an SEC filling this afternoon, that Liberty 77 Fund (a buyout fund operating by Liberty Strategic Capital) purchased 4,594,863 shares of Lionsgate in several dozen transactions between Aug. 10 and Aug. 30 at a price ranging from just over $7 a share to $7.46.77